Banks in Singapore have the most detailed and ambitious decarbonisation policies among advanced economies in Asia, according to a recent report by sustainability-focused consulting company Asia Research and Engagement (ARE). The report by ARE assessed the climate goals of nine...
Musim Mas is proud to announce its first sustainability-related credit line, which is an important step in its pursuit of sustainable business. In collaboration with Rabobank as Sustainability Coordinator and HSBC as another lender, the marketing arm of Musim...
As asset managers adapt to rising investor demand for alternative assets, Bain & Company predicts that private market investments will see substantial growth, with assets expected to hit $65trn by 2032. Private market assets under management are expected to grow...
For some time, certain critics have fixated on the isolated statistic of a "decline in foreign direct investment (FDI)" to undermine confidence in the Chinese economy. The reality is that FDI in China is optimizing and upgrading. It's misleading not...
Trade rose by 10 per cent with India, 15 per cent with Turkey, and 41 per cent with Iraq. The UAE's non-oil foreign trade hit a record Dh1.4 trillion ($381.5 billion) in the first six months of this year as...
The total assets under management (AUM) in the Netherlands asset management industry reached €1,6tn at the end of 2023, up 7% increase from the previous year. According to a report by the Dutch Fund and Asset Management Association (DUFAS), equity...
Share of companies facing transition risks increasing. As climate-related risks rise, the share of companies that are at risk of a credit rating downgrade due to elevated climate transition effects is on the rise too, Fitch Ratings reports. In a report...
Warren Buffett’s Berkshire Hathaway holding company briefly crossed US$1 trillion in market value Wednesday, making it the first non-tech firm on Wall Street to pass the milestone. Buffett, who turned 94 today, has been chair of Berkshire Hathaway since 1970,...
Measures of consumers’ spirits have shown a recent uptick. The U.S. economy grew last quarter at a healthy 3% annual pace, fuelled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The...
Divide emerges as big banks cope with strained consumers. Canadian Imperial Bank of Commerce reported its third-quarter profit rose compared with a year ago as it set aside less money for bad loans, bucking a trend seen this quarter among...
